DROESHOUT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DROESHOUT
Largest movements
- Tangible fixed assets +€173,763
up €173,763 (+42.5%), from €409,147 to €582,910
- Cash -€110,742
down €110,742 (-56.9%), from €194,633 to €83,891
mainly Investment in fixed assets (net) (-€216,395) and Trade debts (-€88,436)
- Current investments +€50,000
new in 2025: €50,000
- Receivables within one year -€26,592
down €26,592 (-12.3%), from €216,343 to €189,751
of which Trade receivables: -€78,066
- Deferred charges and accrued income +€22,529
up €22,529 (+180%), from €12,483 to €35,011
- Profit (loss) carried forward +€181,027
up €181,027 (+48.4%), from €373,989 to €555,016
- Trade debts -€88,436
down €88,436 (-45.8%), from €192,893 to €104,457
- Other debts -€31,801
down €31,801 (-13.4%), from €237,755 to €205,954
- Accrued charges and deferred income +€30,651
new in 2025: €30,651
- Staff costs +€87,344
up €87,344 (+12.5%), from €701,196 to €788,540
- Gross operating margin +€73,584
up €73,584 (+7.4%), from €1.0m to €1.1m
- Taxes +€33,260
up €33,260 (+137%), from €24,298 to €57,558
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,271,657 | €1,365,027 | +€93,370 | +7.3% |
| Fixed assets | 21/28 | €410,115 | €582,910 | +€172,796 | +42.1% |
| Tangible fixed assets | 22/27 | €409,147 | €582,910 | +€173,763 | +42.5% |
| Land and buildings | 22 | €273,053 | €344,478 | +€71,426 | +26.2% |
| Plant, machinery and equipment | 23 | €100,346 | €151,232 | +€50,886 | +50.7% |
| Furniture and vehicles | 24 | €14,011 | €72,469 | +€58,459 | +417% |
| Other tangible fixed assets | 26 | €21,738 | €14,730 | -€7,007 | -32.2% |
| Financial fixed assets | 28 | €967 | - | -€967 | |
| Current assets | 29/58 | €861,542 | €782,117 | -€79,425 | -9.2% |
| Amounts receivable after more than one year | 29 | €419,950 | €419,950 | = | 0.0% |
| Other amounts receivable | 291 | €419,950 | €419,950 | = | 0.0% |
| Stocks and contracts in progress | 3 | €18,133 | €3,513 | -€14,620 | -80.6% |
| Stocks | 30/36 | €18,133 | €3,513 | -€14,620 | -80.6% |
| Amounts receivable within one year | 40/41 | €216,343 | €189,751 | -€26,592 | -12.3% |
| Trade receivables | 40 | €173,022 | €94,956 | -€78,066 | -45.1% |
| Other amounts receivable | 41 | €43,321 | €94,795 | +€51,474 | +119% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €194,633 | €83,891 | -€110,742 | -56.9% |
| Deferred charges and accrued income | 490/1 | €12,483 | €35,011 | +€22,529 | +180% |
| Total equity and liabilities | 10/49 | €1,271,657 | €1,365,027 | +€93,370 | +7.3% |
| Equity | 10/15 | €729,771 | €910,798 | +€181,027 | +24.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €337,182 | €337,182 | = | 0.0% |
| Tax-exempt reserves | 132 | €322 | €322 | = | 0.0% |
| Distributable reserves | 133 | €336,860 | €336,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €373,989 | €555,016 | +€181,027 | +48.4% |
| Amounts payable | 17/49 | €541,886 | €454,229 | -€87,657 | -16.2% |
| Amounts payable within one year | 42/48 | €541,886 | €423,578 | -€118,308 | -21.8% |
| Trade debts | 44 | €192,893 | €104,457 | -€88,436 | -45.8% |
| Suppliers | 440/4 | €192,893 | €104,457 | -€88,436 | -45.8% |
| Taxes, remuneration and social security | 45 | €111,238 | €113,166 | +€1,929 | +1.7% |
| Taxes | 450/3 | €14,285 | €6,640 | -€7,645 | -53.5% |
| Remuneration and social security | 454/9 | €96,953 | €106,527 | +€9,574 | +9.9% |
| Other amounts payable | 47/48 | €237,755 | €205,954 | -€31,801 | -13.4% |
| Accrued charges and deferred income | 492/3 | - | €30,651 | +€30,651 | |
| Remuneration, social security and pensions | 62 | €701,196 | €788,540 | +€87,344 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,323 | €43,600 | +€6,277 | +16.8% |
| Other operating charges | 640/8 | €3,386 | €4,472 | +€1,085 | +32.1% |
| Gross operating margin | 9900 | €1,000,263 | €1,073,847 | +€73,584 | +7.4% |
| Operating profit (loss) | 9901 | €258,358 | €237,236 | -€21,122 | -8.2% |
| Financial income | 75/76B | €64 | €7,840 | +€7,776 | +12,133% |
| Recurring financial income | 75 | €64 | €7,840 | +€7,776 | +12,133% |
| Financial charges | 65/66B | €2,305 | €6,491 | +€4,186 | +182% |
| Recurring financial charges | 65 | €2,305 | €6,491 | +€4,186 | +182% |
| Profit (loss) for the period before taxes | 9903 | €256,117 | €238,585 | -€17,532 | -6.8% |
| Income taxes | 67/77 | €24,298 | €57,558 | +€33,260 | +137% |
| Profit (loss) for the period | 9904 | €231,819 | €181,027 | -€50,792 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €231,819 | €181,027 | -€50,792 | -21.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.